VARACTOR DIODE MARKET ANALYSIS
Asia Pacific held a dominant position in the global varactor diode market in 2021 Statistics:
Asia Pacific held a dominant position in the global varactor diode market in 2021, followed by North America
Figure 1: Global Varactor diode market Share (%), By Region, 2021
Asia Pacific held dominant position in the global varactor diode market in 2017, and is projected to retain its dominance throughout the forecast period. This is owing to huge customer base using smartphones and tablets and rapid development of 5G technology in this region. Large customer base using smartphone and tablets, owing to high population in countries such as India and China. The demand for mobile devices is expected to increase due to high disposable income and growing development of 5G technology in this region.
Figure 2: Global Varactor Diode Market Value (US$ Mn) Analysis and Forecast, 2017 - 2030
The global varactor diode market was valued at US$ 721.3 Mn in 2021 and is expected to reach US$ 1,924.47 Mn by 2030, growing at a CAGR of 10.7% between 2022 and 2030.
Varactor Diode Market Report Snapshots
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